https://www.bloombergquint.com/business/uber-to-buy-alcohol-delivery-startup-drizly-for-1-1-billion Thoughts? #tech #stock
It only makes feel that Uber is desperately moving its pieces to win delivery wars.
What would be a move that doesnāt look desperate?
Did they have a choice? Doordash is already dominating in food delivery and drizly was partnering with dd for delivery so uber had to take that business away from them
They had a very easy choice to not put all their chips into a market thatās going to crumble once the pandemic is over.
Dara likes acquisitions. Thatās what he did at Expedia.
heās a banker indeed who loves dealmaking. he has been selling other business units and getting various board seats doing so. that and hiring sprees follow by mass, non-performance based layoffs.
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Waste of $ for Uber. Extremely overpriced and easy to replicate product. Growth was done by spamming FB ads everywhere, probably at a loss. Very unsustainable. Good exit for Drizly
The product is easy to replicate, but the legal/policy work is super cumbersome and expensive.
@uber- canāt you just copy whatever legal/policy work they have done? Thatās a first mover disadvantage.